MG SQUARE
ActiveMG SQUARE has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.54M and a net result of €-130k. Its solvency ranks better than 49% of 293 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
23
/ 100
Critical▲ +8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency41=
Growth78
Stability94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.07 in 2023), and 67.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
32.8%
Return on assets
-2.8%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
19 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.54M▲ 91.9%
2023 · €803k
2023: €803k
2023 → 2024
Total assets
€4.70M▲ 94.1%
2023 · €2.42M
2023: €2.42M
2023 → 2024
Net result
€-130k▲ 2.9%
2023 · €-133k
2023: €-133k
2023 → 2024
Working capital
€-1.33M▼ 456%
2023 · €-240k
2023: €-240k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€803k-€1.54M▲ 91.9%
Operating result€-94k-€-41k▲ 56.7%
Net result€-133k-€-130k▲ 2.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €41k in 2024 against €94k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.70M
Fixed assets
€4.68M▲ 94.6%
Current assets
€20k▲ 17.0%
Equity and liabilities €4.70M
Equity
€1.54M▲ 91.9%
Debt
€3.16M▲ 95.2%
The debt ratio rises from 66.8% to 67.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€61k▲
2023 · €-45k
Cash flow
€-28k▲
2023 · €-83k
Solvency
32.8%▼
2023 · 33.2%
Current ratio
0.01▼
2023 · 0.07
Quick ratio
0.01▼
2023 · 0.07
Debt / equity
2.05▲
2023 · 2.02
ROE
-8.4%▲
2023 · -16.6%
ROA
-2.8%▲
2023 · -5.5%
Interest coverage
0.69▲
2023 · -1.14
Debt
€3.16M▲
2023 · €1.62M
Debt ≤ 1 year
€1.35M▲
2023 · €257k
Debt > 1 year
€1.80M▲
2023 · €1.36M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.42M€4.70M▲
Formation expenses20-€3k
Fixed assets21/28€2.40M€4.68M▲
Tangible fixed assets22/27€2.40M€4.68M▲
Land and buildings22€1.77M€3.63M▲
Furniture and vehicles24€18k€40k▲
Other tangible fixed assets26€615k-
Assets under construction and advance payments27-€1.01M
Current assets29/58€17k€20k▲
Cash at bank and in hand54/58€16k€19k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€2.42M€4.70M▲
Equity10/15€803k€1.54M▲
Contributions10/11€936k€1.80M▲
Profit (loss) carried forward14€-133k€-263k▼
Amounts payable17/49€1.62M€3.16M▲
Amounts payable after more than one year17€1.36M€1.80M▲
Financial debts170/4€1.34M€1.74M▲
Other amounts payable178/9€16k€63k▲
Amounts payable within one year42/48€257k€1.35M▲
Current portion of amounts payable after more than one year42€48k€84k▲
Financial debts43-€993k
Credit institutions430/8-€993k
Trade debts44€50k€82k▲
Suppliers440/4€50k€82k▲
Taxes, remuneration and social security45€165€585▲
Taxes450/3€165€585▲
Other amounts payable47/48€159k€194k▲
Accrued charges and deferred income492/3€865€6k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€102k▲
Other operating charges640/8€6k€9k▲
Gross operating margin9900€-39k€70k▲
Operating profit (loss)9901€-94k€-41k▲
Financial income75/76B€19-
Recurring financial income75€19-
Financial charges65/66B€39k€89k▲
Recurring financial charges65€39k€89k▲
Profit (loss) for the period before taxes9903€-133k€-130k▲
Profit (loss) for the period9904€-133k€-130k▲
Profit (loss) for the period to be appropriated9905€-133k€-130k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-133k€-263k▼
Profit (loss) brought forward from the previous period14P-€-133k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.54M ▲91.9%
Equity rises from €803k to €1.54M.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tervuren · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koekoeklaan 103080 TervurenGround area
589 m²
Building footprint
120 m²
Volume, LiDAR
489 m³
Parcel 24104A0016/00T018, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MG SQUARE
since 20222.329.965.635
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24104A0016/00T018 | Flanders | 589 m² | 1 · 120 m² | 6.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Eren Energy Storage Benelux
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AMENT METAALBEWERKING
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Of 147 companies in sector 35120 we hold annual accounts for 79. 47 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-2022
Fiscal year end31-12
Activities, NACEBEL
35120Electricity, gas, steam and air conditioning supply
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.